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© WFSGI 2018

GENERAL ASSEMBLYJANUARY 27, 2018

© WFSGI 2018 2

1. WELCOME & PROCEDURES

© WFSGI 2018

1.1 ROLL CALL & QUORUM CONFIRMATION

The General Assembly invitation and agenda was duly shared with the WFSGI Members (WFSGI By-laws 6.4 & 6.5)

Quorum confirmation by WFSGI Legal Counsel Jochen Schaefer

© WFSGI 2018

1.2 APPROVAL OF THE MINUTES

Approval of the Minutes of the WFSGI General Assembly, February 4, 2017

© WFSGI 2018 5

2. REPORT CHAIRMAN OF THE BOARDSEAN O’HOLLAREN

© WFSGI 2018 6

3. REPORT PRESIDENT AND CEOROBBERT DE KOCK

© WFSGI 2018 7

4. COMMITTEE ACTIVITY REPORTS 2017

© WFSGI 2018 8

4.1 BICYCLE COMMITTEE REPORT 2017JEROEN SNIJDERS BLOK

© WFSGI 2018

WFSGI BICYCLE MEMBERS

9

Currently 105 bicycle members

2 new members in 2017:

• ERE Research

• Oexchange.io

© WFSGI 2018

COMMITTEE MEETINGS 2017

10

Steering Committee 2 meetings

Technical Committee 2 meetings

Wheel Committee 2 meetings

Saddle Committee 1 meeting

UCI Equipment Commission 1 meetings

UCI Working Group on disc brakes 4 meetings

Taipei Cycle Show

Eurobike show

World Cycling Forum

UCI Headquarters

Conference calls

Competitions

Physical meetings Other

Total: 12 meetings

© WFSGI 2018

KEY TOPICS IN 2017

11

UCI management team change

Disc brakes in road racing

Adoption of ISO safety based standards by the UCI

Wheel Impact Test implementation in ISO 4210

Liaison role with ISO and CEN groups

World Cycling Forum

© WFSGI 2018

UCI MANAGEMENT TEAM CHANGE

12

David Lappartient Jean-Christophe PéraudPresident Manager of Equipment and the

fight against technological fraud

UCI Equipment Commission has been renamed as UCI Equipment and Fight against

technological fraud Commission. WFSGI, represented by Robbert de Kock, has

remained its position in the revised Commission.

© WFSGI 2018

DISC BRAKES IN ROAD RACING

13

First season-long trial completed in 2017. Trial extended until the end of 2018.

WFSGI is part of UCI initiated working group to monitor all related developments (4 meetings in 2017).

Proposal for permanent disc brake adoption planned in 2018.

© WFSGI 2018

ADOPTION OF ISO SAFETY STANDARDS

14

Proposal by WFSGI aerodynamics and weight limitation working group accepted by the UCI in June 2017.

From January 1, 2019 UCI to adopt ISO safety standards for:

- Bicycle frames- Bicycle forks- Bicycle handlebars- Bicycle stems

© WFSGI 2018

WHEEL IMPACT TEST IN ISO-4210

15

Wheel impact test which was developed by the

UCI and WFSGI has been included in CEN

Technical Report.

The test is in its final phase to be considered for

inclusion in ISO 4210 – Worldwide safety

requirements for bicycles.

© WFSGI 2018

LIAISON ROLE WITH CEN AND ISO

16

WFSGI represented in: CEN-TC333 Innovative materials used in manufacturing of bicycles.

ISO-TC-149-SC1 Cycles and major sub-assemblies.

ISO-TC-31-SC10-WG16 Tyre designations and dimensions for bicycle tyres and rims.

WFSGI can efficiently update its members on International standards development.

Increasing opportunities to synchronize standards between different stakeholders.

160PARTICIPANTS

23COUNTRIES

11 KEYNOTESPEAKERS

1 INTERACTIVE

SESSION

2 DAYS

10 SPONSORS

QUICK FACTS

FEEDBACK VIA ANONYMOUS QUESTIONNAIRESOverall response rate of 62.5%

86% rated the event "excellent" or "very good“.

79.8% indicate the information provided was “extremely” to “very helpful”.

83.8% are either “extremely likely” or “very likely” to recommend the WCF to a friend.

100% would like WCF to be organized again

WORLD CYCLING FORUM SECOND EDITION

• To take place in March 2019

• Location to be confirmed

© WFSGI 2018

WORLD BICYCLE RELIEF

22

WFSGI becomes a proud supporter of the World Bicycle Relief (WBR) to strengthen their advocacy work and capacity building.

WBR mobilizes people through The Power of Bicycles – increases access to education, healthcare and livelihoods.

23

“The endorsement shows the positive impact bicycles can have. It lies at the heart of our industry to seize that power and raise awareness.”

Jeroen Snijders BlokCOO of Accell Group, Chair of WFSGI Bicycle Committee

© WFSGI 2018

FORECAST 2018

24

Close collaboration with the new UCI leadership team to explore technical and

other partnership opportunities.

Collaboration with all stakeholders to facilitate disc brake adoption and

implementation in road racing

Continue to seek regulatory solutions that provide bicycle manufacturers with

more possibilities for innovation

Explore possibilities in E-Mountain bike and E-Road bike racing

© WFSGI 2018 25

4.2 CISO COMMITTEE REPORT 2017MARC PINSARD

© WFSGI 2018

IOC RELATIONS

26

Meeting with IOC President in May 2017 to discuss the future cooperationSupport physical activity

Continue support smaller NOCsSupport standdards and compliance through WFSGI RSI initiative

Improve industry conditions and collaboration

© WFSGI 2018

IOC COLLABORATION

27

IOC WFSGI CISO Committee Meeting in October in Lausanne to develop specific areas of collaboration

An annex to the overarching framework MoC (2016) was signed

Committee Meeting at ISPO 2018 to work out details

Next meetings in Q1 in PyeongChang and Lausanne

© WFSGI 2018

WFSGI/IOC NOC SUPPORT PROGRAMME

28

Building on the success of Rio the programme was extended to PC 2018

18 NOCs, 50+ athletes THANK YOU

Adidas – Descente – Mizuno – Odlo –Under Armour and the other brands who were ready to support

© WFSGI 2018

IOC RULE 40 – ADVERTISING

29

Webinars and practical guide «Advertising around the Olympic Games – What you need to know as a sporting goods brand»

Updates on developments (DOSB) Facilitation of business as usual for the

SGI

© WFSGI 2018

IOC RULE 50 – MANUFACTURER ID

30

Guidelines V2 published in Dec Buenos Aires YOG 2018 published Tokyo 2020 preparations launched

© WFSGI 2018

HELMETS, GOGGLES, GLOVES, ARM/LEG PROTECTION & POLES

31

FIS Meetings to discuss challenges the industry faces concerning commercial markings

Participation in the FIS Advertisement CommissionSolution achieved for goggle straps and improvements for goggle/helmet branding in place as of PC 2018 (Rule 50)

© WFSGI 2018

BADMINTON WORKING GROUP

32

WFSGI BWF Manufacturers Meeting in December in Dubai

Synthetic/outdoor shuttle cock developments

Uniform guidelines and development BWF development program «Shuttle

Time»

© WFSGI 2018

AQUATICS COMMITTEE

33

Regular meetings and calls• Standard for aquatic eyewear

• Chemicals management

• Growing of swimming and physical activity promotion

• Relations to governing bodies

© WFSGI 2018

AQUATICS COMMITTEE

34

Wetsuits open water swimmingWFSGI conducted a survey on behalf of the Committee member brands

Aim to gather information on the effects of the FINA rule change to service athletes and protect athlete welfareReport representative for elite athletes providing clear indications of concerns and proposals to solution for safe and fair competitive environment

© WFSGI 2018 35

4.3 CR COMMITTEE REPORT 2017FRANK HENKE

© WFSGI 2018 36

REVIEW

© WFSGI 2018

PROGRAM REVIEW (I)

37

Status Quo of the CoA: So far 5 federations and 46 regular

member companies have returned the filled in CoA form

List of companies who submitted theform has been publicly uploaded on WFSGI website

Clear commitment to continue CoAreporting

© WFSGI 2018

PROGRAM REVIEW (II)

38

Position papers completed

Available on the WFSGI public website

Shared with ILO, OECD, IOE for comment

© WFSGI 2018

PROGRAM REVIEW (III)

39

WFSGI CR Heads-Up Review of the application scope of CoC Engagement with other organizations:

• Alignment and exchange with AFIRMGroup

• ILO SCORE Program introduction

• Human Rights @ Mega SportsEvents / IHRB Sporting ChancePrinciples

© WFSGI 2018 40

OUTLOOK

© WFSGI 2018

RESPONDING TO INDUSTRY TRENDS

41

Survey amongst manufacturer basisto assess issues and best practices

Create heat map

Connect with other industry associations

Seek deeper engagement with manufacturers

© WFSGI 2018

STRENGTHEN COLLABORATION

42

Deepen and formalize relationshipwith leading organizations and MSIs

Review possibility to sign MoUs

Build CR directory

© WFSGI 2018 43

4.4 LEGAL COMMITTEE REPORTJOCHEN SCHAEFER

© WFSGI 2018

REPORT 2017

44

1. WFSGI Labelling Database, status

2. IPR Protection, update

3. WFSGI ABC Position Paper

4. Latest Developments in the Digital Space

5. New Legal Working Areas

© WFSGI 2018

1. WFSGI LABELLING DATABASE, STATUS

45

• Label ALL your products easily & properly49 countries + overarching regional requirements

• Alert mechanism on proposed regulations• 6 product categories (+ packaging)

Apparel, Equipment, Personal Protective Equipment,Footwear, Bicycles & Electronics

• Save time & money by joining your peersAnnual fees based on companies’turnover(e.g. smallest companies only pay $ 8’776 annually)

• Designing phase completed & Partnership Agreement currently being signed

GoLiveDate: July 2018

WH

O IS

IN?

© WFSGI 2018

2. IPR PROTECTION, UPDATE

46

Fight Offline Physical storesPhysical locations

Fight Online Internet

WFSGI IP contacts databaseTrusted worldwide investigators + cooperation

for enforcement operations (video available 1:38)

Authentication Project – Security SolutionsTrack-and-Trace tecnologies to protect your

products

Convey Srl.Combat online brand abuses

Customs AuthoritiesPartnership with the WCO (IPM tool) to fight

against counterfeiting

© WFSGI 2018

3. WFSGI ABC POSITION PAPER

47

• 100% finalized• Provides information to help WFSGI members

counter-act bribery & corruption.• Outlines benefits & challenges of maintaining

high standards & gives an explanation on howwe intend to support WFSGI membersregardless of size in responding to theincreasing challenges both in the sport world &in the legislative environment.

• Next steps: ABC Trainings, discussion on variousformats (webinars, conferences)

• Adoption on a volontary basis

ABC

TASK

FO

RCE

© WFSGI 2018

4. DEVELOPMENTS - DIGITAL SPACE

48

• Geo-Blocking: new rules by end 2018• European Commission Report on eCommerce

& Selective Distribution: published in May 2017

• Judgment of European Court of Justice on Coty Case: published in December 2017

• General Data Protection Regulation: new rules in May 2018

• Review of ePrivacy legislation: new rules by end 2018

FESI

-WFS

GI

WG

© WFSGI 2018

5. NEW LEGAL WORKING AREAS

49

• New Working Group on Product Safety

• Privacy issues: observing phase

• Evolution of the legal profession: need to follow-up & continously monitor the developments

• Closer Cooperation with the Trade Committee: cross committee group to be formed (i.e. Governement Affairs)

© WFSGI 2018

A HELPING HAND IN YOUR DAILY LIFE...

50

Thank you for your attention!Interested by some topics of the WFSGILegal Committee?Please do not hesitate to contact:• Dr. Jochen Schaefer, WFSGI Legal

Counsel and Chairman of the WFSGILegal Committee: [email protected]

• And/or, Charlotte Giudicelli, WFSGI Headof Legal: [email protected]

© WFSGI 2018 51

4.5 MANUFACTURERS COMMITTEE REPORT 2017RAKHIL HIRDARAMANI

© WFSGI 2018

VIDEO WMF MUNICH 2017

52

© WFSGI 2018

MANUFACTURERS FORUM 2017 FACTS

53

140PARTICIPANTS

18COUNTRIES

10KEYNOTESPEAKERS

1 WORKSHOP

1 UNRIVALLED

NETWORKINGOPPORTUNITY

2 DAYS

3 SPONSORS

3 MEDIA PARTNERS

© WFSGI 2018

MANUFACTURERS FORUM 2017FEEDBACK

54

74 participants provided feedback:

70.5 % rated the forum as Very Good or even Excellent.

70.8 % of the information rated as very or extremely useful.

78.1 % rated the amount of value for money as fair or great deal.

73 % would recommend the Forum to someone else

93 % of the attendees indicate WMF should be organized in 2018

37 % indicated Vietnam as the location for the next WMF

© WFSGI 2018

OUTLOOK 2018

55

Mandate: Collaborative effort between brands and manufacturers Urgent issues affecting manufacturers and brands Stakeholder & issue mapping via survey Q1 2018 3-year plan

© WFSGI 2018 56

4.6 PHYSICAL ACTIVITY COMMITTEE REPORT 2017VANESSA GARCIA BRITO

© WFSGI 2018

BIG PROBLEM, HUGE OPPORTUNITY

57

Physical activity in the headlinesThe Times, 24 January 2018:

«Lazy lifestyles to cause surge in serious illness»

«Middle-aged warned millions of older people will have four diseases in 20 years»

© WFSGI 2018

THE SPORTING GOODS INDUSTRY, SUPPORTED BY THE PHYSICAL ACTIVITY COMMITTEE, COMMITS TO:

58

2

1Raise awareness of the benefits of

physical activity and sport

Increase levels of physical activity and sports participation, especially among children.

© WFSGI 2018

ACTIVE IN GLOBAL CONVERSATION

59

WHO - Contributing to Global Plan for Physical Activity (GAPPA) 2018-2020 drafting (unique role of private sctor)• Shared industry case studies for WHO‘sToolkit: Physical Activity

Technical Package

UNESCO – Global education policy• Sixth World Conference of Ministers of Sport and Senior Responsible for Physical

Education and Sport (MINEPS VI)

IOC – Active Cities• Session to explore collaboration possibilities

© WFSGI 2018

POSITION PAPER NEXT STEPS

60

Time to Operationalize A clear and powerful industry position PAC workshop

• Collective Action

• Roadmap to Tokyo 2020

• Opportunities to inform roadmap efforts and participate in efforts/moments on road to Tokyo 2020 Communications Toolkit for WFSGI members

© WFSGI 2018

COMMUNICATIONS TOOLKIT

61

Contents include:• Aligned messaging

• Case studies

• Best practices

• Thought-starters

© WFSGI 2018 62

4.7 TRADE COMMITTEE REPORTJEFF WHALEN

© WFSGI 2018

UPDATES

63

WFSGI delegation visits to different ministries in Asian countries

Meeting organized by WFSGI with manufacturers in VietNam

Brazil FTW AD update

WTO Public Forum: Trade behind the Scenes: A Sporting Goods Industry Perspective

• The importance of private sector consultation for the Trade Facilitation Agreement.

• Practical examples from Latin America.

• The federation’s role in supporting sport sector engagement in trade discussion

• Opportunities to make GSP more inclusive.

© WFSGI 2018

OUTLOOK

64

Inform WFSGI members on significant antitrust decision of Swiss Federal Supreme Court

WCO consideration for treatment of apparel and textile including technologies

WTO private sector engagement

WTO PF tbc

© WFSGI 2018

WFSGI TRADE C’TTEE MANDATE

65

Topics to be included in the WFSGI Trade Committee’s mandate:

Customs Technical barriers to trade

Protectionism

Regulations Global taxes

Supply chain

Logistics Change of Committee name

© WFSGI 2018 66

COFFEE BREAK (15 MINUTES)BOARD MEMBERS AND CANDIDATES - GROUP PICTURE

© WFSGI 2018 67

5. CLOSING ACCOUNTS

© WFSGI 2018 68

5.1 PRESENTATION CLOSING 2017

© WFSGI 2018

5.1.1 CLOSING 2017 – BALANCE SHEET (IN CHF)

2016 2017 2016 2017

Current Asset 2’324’228 2’866’205 Liability 500’401 841’913

Long Term Liabilities

275’000 450’000

Fixed Assets 2 2 Equity 1’548’828 1’574’293

Total 2’324’230 2’866’207 Total 2’324’230 2’866’207

69

© WFSGI 2018

5.1.2 CLOSING 2017 – P&L (IN CHF)

2016 2017Income 2’084’169 2’441’929

Expenses - 2’099’570 -2’198’181

Net Profit before result and depreciation

-15’401 243’748

Loss on deptors/depreciation/provision

+94’700 -204’700

Other costs/taxes/valuationadjustments, charges, etc.

-7’532 -13’583

Result of the year 71’766 25’465

70

© WFSGI 2018

5.1.3 CLOSING 2017 – INCOMEAccount Number INCOME

budget KCHF effective KCHF %

MEMBERS

6100 Industry Suppliers 1214.00 1214.54 0.046110 Industry Supporters 23.10 19.80 -14.296115 National / Regional 85.00 85.00 0.006120 Associate Members 8.00 8.00 0.006250 Sustaining Members 95.00 100.75 6.05

New Members 30.00 37.34 24.476301 Reinvocing 0.00 30.14 -6511 Extr. income on membership 0.00 0.00 -

Sub total Members 1455.10 1495.58 2.78

OTHER -

6200 Handbook 180.00 198.87 10.496130 Handling fee s/Olympic tickets 15.00 442.11 2847.376304 FIFA Pledge 90.00 140.91 56.576311 Meeting - WMF 160.00 121.54 -24.036302 Meeting - WCF 160.00 164.31 2.696305 CSR Strategy 20.00 22.90 14.506306 RSI 60.00 70.00 16.676309 Labelling Project 0.00 230.17 -6310 WFSGI HK Office costs 50.00 0.00 -6510 Exceptionnal Profit 0.00 11.85 -6312 Other income 0.00 16.83 -6450 Interest Income 0.00 0.06 -

Sub total Others 735.00 1419.55 93.14

TOTAL Income 2190.10 2915.12 33.1071

© WFSGI 2018

5.1.4 CLOSING 2017 – EXPENSESAccount Number EXPENSES

budget KCHF effective KCHF %

Wages 1189.00 1120.38 -5.774000 Wages 1018.56 976.844501 Consultancy 0.00 0.004002 Compensations Insurance 0.00 -15.094010 Social Security 75.73 68.834020 Medical Plan 5.19 4.344030 Accident Insurance 7.30 5.894040 Pension Plan 81.22 79.574050 Search 1.00 0.004100 Rent 38.00 37.06 -2.46

Printing & Freight 59.00 70.18 18.964150 Postage 2.00 0.784155 Freight 35.00 37.004170 Printing/Office Material /Equipment 6.00 14.544165 Printing Handbook 16.00 17.874190 Agency Costs 30.00 5.23 -82.574200 Travel 150.00 196.40 30.934205 Company Car 14.40 14.40 0.004210 Meetings divers 25.00 27.50 10.004211 Manufacturer Forum 140.00 109.93 -21.484301 World Cycling Forum 140.00 128.10 -8.504299 CSR Strategy 0.00 6.66 -4300 RSI 80.00 13.98 -82.524302 Labelling project 0.00 230.17 -4213 WFSGI HK Office costs 100.00 67.43 -32.574220 Olympic Tickets 0.00 431.14 -4500 Fees 42.00 54.78 30.424502 Legal fees 18.00 20.58 14.334505 Helpdesk 5.00 0.00 -4120 Telephone/Handy/Internet 24.00 16.52 -31.184140 Website 10.00 68.70 586.98

General/Administration 50.00 41.95 -16.104180 Photocopy 6.00 8.484402 Banking Charges 6.00 1.634405 Credit Card Charges 1.00 0.004600 Insurance 5.00 1.854800 Computer Expenses 27.00 24.004900 Miscellanious 5.00 5.984990 Depreciation 0.00 0.00 -4910 Valuation Adjustments 0.00 21.47 -4920 Loss on receivables 20.00 29.70 48.50

Exceptional Loss 0.00 0.00 -4911 Provision 0.00 175.00 -4520 Extraordinary taxes 0.00 1.61 -4521 Taxes 5.00 0.79 -84.28

Sub total 2139.40 2889.66 35.07

Net (Profit/Loss) 50.70 25.46 -49.77

72

© WFSGI 2018

5.2 EXTERNAL AUDITOR REPORT

© WFSGI 2018

5.3 REPORT WFSGI TREASURER MARTIN KÜNZI

© WFSGI 2018 75

5.4 VOTE TO CLOSE ACCOUNTS 2017

© WFSGI 2018 76

6. VOTE OF CONFIDENCE TO RELEASE THE BOARD INCL. TREASURER & SECRETARIAT

© WFSGI 2018 77

7. RECONFIRM EXTERNAL AUDITORS

© WFSGI 2018

7. VOTE TO RECONFIRM THE EXTERNAL AUDITORS

The WFSGI Finance Committee and Board recommend the GA to approve continuation with Multifiduciaire/Fribourg as the WFSGI accountant and external auditor for 2018

Vote

© WFSGI 2018 79

8. ELECTION ADDITIONAL BOARD MEMBERS

© WFSGI 2018

8. ELECTION ADDITIONAL BOARD MEMBERS 2018

The WFSGI Executive Committee and Board recommend the GA to approve the election of the following additional Board Members for the ongoing term until 2020Simon Cheng, Apache Footwear, China

Akito Mizuno, Mizuno Corp., Japan

Li Ning, Li-Ning Company, China

Vote

© WFSGI 2018 81

9. BUDGET 2018

© WFSGI 2018

9.1 BUDGET 2018 PRESENTATION (IN CHF)

2017 2018

Income 2’915’100 2’038’150

Expenses 2’889’660 1’981’550

Net Profit 25’460 56’600

82

© WFSGI 2018

9.2 BUDGET 2018 INCOME

Account Number INCOME

budget KCHF Diviation % towards 2017

MEMBERS

6100 Industry Suppliers 1239.00 2.016110 Industry Supporters 18.15 -8.336115 National / Regional 84.00 -1.186120 Associate Members 8.00 0.006250 Sustaining Members 99.00 -1.74

New Members 20.00 -46.446301 Reinvocing 0.00 -100.006511 Extr. income on membership 0.00

Sub total Members 1468.15 -1.83

OTHER

6200 Handbook 180.00 -9.496130 Handling fee s/Olympic tickets 0.00 -100.006304 FIFA Pledge 130.00 -7.746311 Meeting - WMF 140.00 15.186302 Meeting - WCF 0.00 -100.006305 CSR Strategy 0.00 -100.006306 RSI 70.00 0.006309 Labelling Project 0.00 -100.006310 WFSGI HK Office costs 50.006510 Exceptionnal Profit 0.00 -100.006312 Other income 0.00 -100.006450 Interest Income 0.00 -100.00

Sub total Others 570.00 -59.85

TOTAL Income 2038.15 -30.08 83

© WFSGI 2018

9.3 BUDGET 2018 EXPENSESAccount Number EXPENSES

budget KCHF

Wages 1220.15 8.904000 Wages 1021.34 4.564501 Consultancy 0.00 0.004002 Compensations Insurance 0.00 -100.004010 Social Security 79.38 15.334020 Medical Plan 5.19 19.454030 Accident Insurance 7.25 23.044040 Pension Plan 106.00 33.214050 Search 1.00 0.004100 Rent 60.00 61.88

Printing & Freight 72.00 2.594150 Postage 2.00 158.064155 Freight 37.00 0.004170 Printing/Office Material /Equipment 15.00 3.184165 Printing Handbook 18.00 0.734190 Agency Costs 10.00 91.264200 Travel 150.00 -23.634205 Company Car 14.40 0.004210 Meetings divers 25.00 -9.094211 Manufacturer Forum 120.00 9.164301 World Cycling Forum 0.00 -100.004299 CSR Strategy 0.00 -100.004300 RSI 20.00 43.034302 Labelling project 0.00 -100.004213 WFSGI HK Office costs 100.00 48.314220 Olympic Tickets 0.00 -100.004500 Fees 42.00 -23.334502 Legal fees 25.00 21.484505 Helpdesk 0.00 0.004120 Telephone/Handy/Internet 20.00 21.094140 Website 25.00 -63.61

General/Administration 53.00 26.354180 Photocopy 9.00 6.144402 Banking Charges 3.00 84.514405 Credit Card Charges 1.00 0.004600 Insurance 5.00 169.654800 Computer Expenses 30.00 24.974900 Miscellanious 5.00 -16.434990 Depreciation 0.00 0.004910 Valuation Adjustments 0.00 -100.004920 Loss on receivables 20.00 -32.66

Exceptional Loss 0.00 0.004911 Provision 0.00 -100.004520 Extraordinary taxes 0.00 -100.004521 Taxes 5.00 536.21

Sub total 1981.55 -31.43Net (Profit/Loss) 56.60 122.25

84

© WFSGI 2018 85

10. VOTE APPROVAL BUDGET 2018

© WFSGI 2018 86

11. NEW MEMBERS

© WFSGI 2018

11. NEW MEMBERS

Aspiria-nonfood GmbH, Germany Zhangjiakou Jingrun Garment, China JSD Sports, Pakistan On AG, Switzerland H. Wahidsons MFG. Corp. (PVT.) Ltd., Pakistan Zoggs International Limited, UK Oexchange.io, USA Page Industries Ltd., India

© WFSGI 2018 88

12. DATES FOR YOUR CALENDAR

© WFSGI 2018

12. WFSGI MEETINGS

February: IOC and NOC Meetings at Pyeongchang Olympic Games March: IOC Meeting Rule 40 future April: UCI and WFSGI Bicycle Committee meeting (tbc) April 15-20: Sport Accord Convention/ GAISF meeting in Bangkok May: WFSGI BWF Badminton Manufacturers Meeting, Bangkok July 8-10: WFSGI Bicycle Committee meetings at Eurobike 2018 September 6-7: Bi-annual Committee Meetings & Board Meeting in London (Pentland) September-October: WTO Public Forum, Geneva October 31-November 3: Taipei Cycle Show November 5-7: IF Forum, Lausanne November: World Rugby Meeting, London November/December (11-12): World Manufacturers Forum, Vietnam

89

© WFSGI 2018 90

13. MISCELLANEOUS

© WFSGI 2018

40-YEAR CELEBRATIONSDINNER HOSTED BY ISPO

JOCHEN SCHWEIZER ARENALUDWIG-BÖLKOW-ALLEE 182024 TAUFKIRCHEN

BUS TRANSFER16H30 FIRST WAVE OF TRANSFER 17H30 SECOND WAVE OF TRANSFER

91